Accounting Monopoly



==Example Transactions
==

Transaction
Account Classification
Description
Debit
Credit
Purchased house for property on Park Place
Asset
Asset
Houses
Cash
$125


Remember to review all expense accounts before classifying an expense as a Miscellaneous Expense.
There are only two kinds of income: Rent Income and Other Income. When you MAKE money, it will affect one of these accounts.

Monopoly Information and explanation continue...